Poland will sell carbon permits to Italy for PLN 20 mln

Poland's environment minister Maciej Grabowski said on Monday that Poland will sell some of its surplus government-held emission permits to Italy for PLN 20 million, Reuters informed. "We have reached an agreement to sell rights to greenhouse gases emissions," said Grabowski. "This is the 11th contract signed by Poland with other entities. The contract is worth PLN 20 million" Countries have until November 18 this year to balance their 2008-2012 emissions accounts. According to Reuters, since 2009, Poland has raised PLN 800 million from transactions like the one announced with Italy. The proceeds from such sales are used to finance the modernization of public buildings, such as schools or hospitals.